Microsoft has announced plans to expand the internet video content available to Xbox Live users. Probably the most exciting new feature (although also the most predictable) is a partnership with Netflix that will let Netflix customers stream video using an Xbox 360 starting this fall.

Netflix currently lets users stream selected content using a web browser or a dedicated set top box developed by Roku. You won't need to pay any additional fees to watch Netflix videos. But you will need a Netflix subscription. Microsoft says the Xbox 360 will be the only video game console to support Netflix videos, but I wouldn't be surprised if what Microsoft is really saying is that the Xbox 360 will be the first video game console with Netflix support.

Microsoft has also announced that customers will be able to purchase and download videos from NBC and Universal. Titles will include Battlestar Galactica, The Office, Monk, The Mummy, and the Bourne Supremacy. The videos will be available in high definition. Microsoft says there are now over 10,000 movies and TV shows available through the Xbox Live marketplace.